Family Office, Investment House Opens Milan Office

Editorial Staff

9 July 2020

, the global multi-family office based in London, has opened a new branch in Milan.

The firm’s Italian merchant banking team will be led in Italy by long-standing member of the London advisory team, Federico Lonoce, who has recently relocated to his home country. The Italian branch is authorised to provide financial advisory services (including M&A), portfolio management, order reception and transmission and execution of orders on behalf of its clients.

The group has offices in 14 locations in Europe, the Americas and Asia-Pacific. It offers investment advice, co-investment partnerships, merchant banking advice and family office services and advises on about $18 billion in assets.

"In Italy, a country where most entrepreneurs have not yet started a generational transition plan, the role of the family office is crucial, especially in the active involvement of young people and in supporting the entrepreneurial family towards an orderly transition. Alvarium's focus on the next generation and new investment styles of millennials is demonstrated by its ability to offer innovation in the sectors to which young investors are most sensitive,” Francesco Fabiani, head of Alvarium’s Italian office, said.

In May, Alvarium appointed Nancy Curtin as group chief investment officer, partner and head of investment advisory at the Mayfair-based investment firm. Curtin, who joined from Close Brothers, where she was CIO heading its £13 billion ($16.4 billion) investment business, reports to Alvarium CEO Alexander de Meyer.